First Business Bank Declares Quarterly Cash Dividends
October 28 2022 - 4:35PM
Business Wire
First Business Financial Services, Inc. (the “Company”, the
“Bank”, or “First Business Bank”) (Nasdaq: FBIZ) announced its
board of directors has declared a quarterly cash dividend on its
common stock of $0.1975 per share which is equivalent to a dividend
yield of 2.24% based on Thursday’s market close price of $35.29.
The quarterly dividend is the same as the quarterly dividend
declared in July 2022, and based on third quarter 2022 earnings per
share, represents a dividend payout ratio of 16%. This regular cash
dividend is payable on November 17, 2022 to shareholders of record
at the close of business on November 7, 2022. The board of
directors also declared a dividend on the Company’s 7% Series A
Preferred Stock of $17.50 per share, payable on December 15, 2022,
to shareholders of record on November 30, 2022.
About First Business Bank
First Business Bank specializes in Business Banking, including
Commercial Banking and Specialty Finance, Private Wealth, and Bank
Consulting Services, and through its refined focus delivers
unmatched expertise, accessibility, and responsiveness. Specialty
Finance solutions are delivered through First Business Bank’s
wholly owned subsidiary First Business Specialty Finance, LLC.
First Business Bank is a wholly owned subsidiary of First Business
Financial Services, Inc. (Nasdaq: FBIZ). For additional
information, visit firstbusiness.bank.
This press release includes “forward-looking” statements related
to First Business Financial Services, Inc. that can generally be
identified as describing the Company’s future plans, objectives or
goals. Such forward-looking statements are subject to risks and
uncertainties that could cause actual results or outcomes to differ
materially from those currently anticipated. These forward-looking
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. For further
information about the factors that could affect the Company’s
future results, please see the Company’s 2021 annual report on Form
10-K, quarterly reports on Form 10-Q and other filings with the
Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20221028005494/en/
Edward G. Sloane, Jr. Chief Financial Officer First Business
Financial Services, Inc. 608-232-5970
esloane@firstbusiness.bank
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